CEO Christine Day to Step Down, Three Months After Recall of Yoga-Pants

Lululemon Athletica Inc. said it is looking for a new chief executive, an abrupt move that spooked investors and sent the yoga-clothes maker's stock down 14% in late trading.

Chief Executive Christine Day, who has run the company since 2008, said she would step down as soon as a replacement is found. Her departure comes three months after the maker of popular yoga gear was forced to make an expensive and embarrassing recall of its...

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